Donald Lifton, ?Vice Chairman
Donald Lifton was a founding partner of a well-known Detroit-area law firm with a diversified business practice.
headed the firm's Reorganization and Insolvency Department.
Mr. Lifton was a principal founder of Computerized Security Systems (CSS), a manufacturer of electronic locking devices for the lodging industry.
The Company became a primary supplier to Hilton, Sheraton, Hyatt Hotels, and other hotels throughout the world.
was sold in October 1988 to Masco Corporation
, one of the world's largest manufacturers of brand-name consumer products listed on the New York Stock Exchange (NYSE).
In 1986, Mr. Lifton
assumed the Presidency of Phoenix Steel Corporation
, a troubled steel maker with plants in Pennsylvania and Delaware.
led the company through a successful Chapter 11 reorganization while maintaining the operation of Phoenix's manufacturing plants.
He managed the sale of the Company to CITIC, a corporation owned by the People's Republic of China.
In the fall of 1987, while serving as Chief Executive of Phoenix Steel, Mr. Lifton became an advisor to KDI Corporation, which traded on the NYSE until it was taken private by management and Wasserstein Perella in late 1989.
Also in 1988 and 1989, Mr. Lifton
, as Deputy Managing Director and interim Chief Executive, played a key role in the restructuring of Ariadne Australia Limited
, a troubled publicly-traded Australian corporation with investments in North America, Europe, Hong Kong, New Zealand and New Guinea.
In addition to his activities in connection with Phoenix and Ariadne, Mr. Lifton was a shareholder and Vice Chairman of Voltarc Technologies Inc., a leading manufacturer of lighting and wiring devices.
It was acquired in 1989 and sold to BCE Group
(NYSE ticker: EYE) of Rye, New York in 1997.
The shareholders received a return of approximately 14 times their investment.
In 1995, Mr. Lifton
acted as principal advisor to George Hofmeister and the Questor funds in their joint acquisition of Tube Products
, which later became AP Automotive and was sold in 1998 to French manufacturer Faurecia (Paris: EO.PA) for $340 million, for a total profit of $325 million.
Mr. Lifton has acted as a strategic advisor on acquisitions, reorganizations and capital formation for a number of public and private companies and investors in addition to serving as Chairman of Veritas Trading Group, a facilitator of trade with the Middle East and China.